Rites Of Passage Development Inc

Organization Overview

Rites Of Passage Development Inc is located in Austin, TX. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rites Of Passage Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Rites Of Passage Development Inc generated $311.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $250.6k during the year ending 12/2022. While expenses have increased by 15.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST LOW INCOME FAMILIES WITH AFFORDABLE HOUSING NEEDS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTED LOW INCOME FAMILIES TO MEET THEIR AFFORDABLE HOUSING NEEDS.


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Board, Officers & Key Employees

Name (title)Compensation
Sterling Lands II
President/ceo
$0
James Hutchings
Member
$0
Mary L Thomas
Secretary
$0
Terry Smith
Member
$0
Nikki Simms
Member
$0
Michael White
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$100,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$100,000
Total Program Service Revenue$5,559
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $206,122
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $311,681

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Rites Of Passage Development Inc has recieved totaling $50,000.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$50,000
View Grant Recipient Profile

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